All of the following statements concerning educational funding is correct except: one student must an in submit FASFA (free application for student aid form to be eligible for financial aid) 2 A common method for reducing of families SAI is creating a trust for the child to remove assets from consideration in SAI 3) factors used in calculating the SAI And include taxable and non-taxable income assets and benefits such as unemployment and Social Security 4) The SAI is a formula that indicates how much financial aid will be offered to assist in paying for the students college education